21 November 2013 17:44 [Source: ICIS news]
(updates with Canadian and Mexican rail shipment data)
HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 15.0% year on year to 10,868 loadings in the week ended 16 November, marking their 10th increase in a row, according to data released by a rail industry association on Thursday.
In the previous week, ended 9 November, Canada's chemical railcar loadings rose by 4.9% year on year. From 1 January to 16 November, shipments were up 8.1% to 519,027, the Association of American Railroads (AAR) said.
The weekly chemical railcar loadings data is seen as an important real-time measure of chemical industry activity and demand. Canadian chemical producers rely on rail to ship more than 70% of their products, with many companies relying exclusively on rail shipments.
The AAR said that weekly chemical railcar loadings in Mexico rose 4.8% year on year to 1,349. From 1 January to 16 November, they were up 5.4% to 61,386.
US chemical railcar traffic rose 6.0% year over year to 29,754 loadings in the week ended 16 November.
In the previous week, ended 9 November, US chemical car loadings fell 0.2% year over year, marking their first decline after four weekly increases in a row. From 1 January to 16 November, US chemical railcar traffic was up 0.5% at 1,369,993 loadings.
Meanwhile, overall US weekly railcar loadings for the week ended 16 November in the freight commodity groups tracked by the AAR rose 2.4% year over year to 295,563 carloads. Overall weekly Canadian loadings rose 4.4% to 82,153 while overall Mexican loadings rose 3.2% to 15,680.
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